Coin shortage affects ‘change’ business

.....The supply shortage has also left businessmen paying steep commissions to coin dealers. They now pay twice as much to procure coins as they did nine months ago. "Dealers supply coins at a commission of up to 20% for 5 coins and 16% for 1 and 2 coins. The commission was 9% last year," said P Suresh, co-founder of the Sangeetha chain of restaurants. ..... 

.....An RBI official denied that there was a shortage. "We supply coins in bulk to industry associations through banks or through our regional offices," said Alpana Killawala, Chief General Manager, Department of Communications, RBI.

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